STAT 484 - Actuarial Science: Models

(3 units)

Prerequisite: MATH 247 and MATH 380.
Statistical techniques applied to risk management. Expected utility theory, individual risk models, compound Poisson distributions and processes, ruin probability and first surplus, stop-loss, and proportional reinsurance, statistical survival distributions and life tables, life annuity, actuarial present values, and premiums determination.

Letter grade only (A-F). (Lecture 3 hours) Not open for credit to students with credit in MATH 484.